Duke Energy Corporation $DUK Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its position in Duke Energy Corporation (NYSE:DUK) by 42.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,444 shares of the utilities provider’s stock after acquiring an additional 2,210 shares during the quarter. Simon Quick Advisors LLC’s holdings in Duke Energy were worth $878,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management increased its stake in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after buying an additional 105 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Duke Energy during the 1st quarter worth $27,000. Wayfinding Financial LLC purchased a new stake in shares of Duke Energy during the 1st quarter worth $27,000. Mascoma Wealth Management LLC boosted its position in shares of Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Price Performance

NYSE:DUK opened at $124.49 on Friday. The firm has a market cap of $96.81 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company’s 50-day moving average is $123.89 and its two-hundred day moving average is $120.74. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.18 earnings per share. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is 69.27%.

Analyst Ratings Changes

DUK has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. UBS Group boosted their price objective on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Mizuho boosted their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Cowen started coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.00.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.